Tag Archives: Luxembourg

Luxembourg Banking Innovation: SEB Unveils Real-Time Payment Capability Through Strategic Collaboration

(IN BRIEF) SEB’s Luxembourg branch has launched SEPA instant payments for its private banking clients, allowing them to receive money in real time. This service, which supports transactions up to 100,000 Euros within the Single Euro Payments Area, was developed … Read the full press release

EIB Group Forum: President Calviño Unveils Bold Security and Innovation Investment Strategy

(IN BRIEF) The EIB Group Forum in Luxembourg gathered senior policymakers, business leaders, academics, and civil society representatives to discuss strategies for ensuring Europe’s prosperity, security, and global cooperation. President Nadia Calviño highlighted that every euro invested by the EIB … Read the full press release

EIB Launches €150 Million Initiative to Empower Women Entrepreneurs in Spain’s Pharmacy Sector

(IN BRIEF) The European Investment Bank has committed €150 million to a pioneering financing initiative exclusively supporting women entrepreneurs in Spain’s pharmacy sector. The investment, delivered through a covered bond issued by CBNK—a bank formed by the merger of Banco … Read the full press release

ESM and EIB Sign Memorandum of Understanding to Strengthen Partnership and Economic Resilience

(IN BRIEF) The European Stability Mechanism (ESM) and the European Investment Bank (EIB) have signed a Memorandum of Understanding to deepen their collaboration. The MoU outlines areas for future cooperation, including strategic dialogue, joint events, and staff exchanges. This agreement … Read the full press release

Swiss Re to Sell iptiQ European P&C Business to Allianz Direct, Expanding B2B2C Presence Across Europe

(IN BRIEF) Swiss Re is selling its iptiQ European P&C business to Allianz Direct, including its Luxembourg-based risk carrier, over 100 employees, and existing distribution agreements in several European markets. This move aligns with Swiss Re’s strategy to exit iptiQ, … Read the full press release

VELUX Partners with ArcelorMittal to Reduce Carbon Footprint with Low-Emission Steel

(IN BRIEF) The VELUX Group has signed a 10-year agreement with ArcelorMittal to supply low-carbon XCarb® steel for its roof windows, reducing the carbon footprint of steel used in its products bym up to 70%. This collaboration follows successful tests … Read the full press release

Team Europe Unites to Bolster Economic Development in ACP Nations with New €74 Million Funding Initiative

(IN BRIEF) The ACP Trust Fund has secured over €74 million in pledges from seven EU member states, including Denmark, Finland, Germany, Luxembourg, Portugal, Spain, and Sweden, to support economic growth in African, Caribbean, and Pacific (ACP) countries. This funding … Read the full press release

EBRD-Backed Sanum per Fructus Modernizes Serbian Beekeeping with Digital Innovation for Sustainable Honey Production

(IN BRIEF) Sanum per Fructus, a honey producer in Kragujevac, Serbia, is modernizing its operations by integrating digital technology while maintaining traditional beekeeping practices. Supported by the EBRD’s Youth in Business Programme, the company connects with local beekeepers through a … Read the full press release

European Investment Bank Re-enters USD SSA Markets with $5 Billion 5-Year Global Benchmark Bond

(IN BRIEF) The European Investment Bank (EIB) has successfully re-entered the USD bond market with a new $5 billion 5-year Global benchmark bond, offering a 3.750% semi-annual coupon. This issuance, which brings EIB’s total USD issuance for the year to … Read the full press release

SISTO Armaturen S.A. Introduces Automated Multi-Port Valve to Revolutionize Pharmaceutical Production

(IN BRIEF) SISTO Armaturen S.A., part of the KSB Group, has developed the SISTO-CM1300, an automated multi-port valve designed to optimize pharmaceutical production processes. This valve automates the switching of fluids in cleaning and sterilization processes, reducing the risk of … Read the full press release

Accenture Acquires Arηs Group to Expand European Tech Services

(IN BRIEF) Accenture has completed its acquisition of Arηs Group, a Luxembourg-based technology services provider, enhancing its capabilities in both public and private sector transformations across Europe. Announced in March 2024, the acquisition adds over 2,330 specialists in software development, … Read the full press release

EIB Group Expands in Cyprus with New Office in Nicosia to Boost Local Economy

(IN BRIEF) The European Investment Bank Group (EIB Group) is set to expand its presence in the European Union by opening a new office in Nicosia, Cyprus. This decision was revealed during discussions between EIB Group President Nadia Calviño and … Read the full press release

Globalization Trends: DHL Study Spotlights EU’s Rising International Influence

(IN BRIEF) In the latest DHL Global Connectedness Report, the Netherlands emerges as the most globalized country in the European Union, closely followed by Ireland and Luxembourg. Notably, 14 EU member states, including Malta, Belgium, Denmark, Sweden, Germany, Cyprus, Hungary, … Read the full press release

SFC Energy Collaborates with ConnectCom Sarl to Provide Customized Emergency Power Solutions

(IN BRIEF) SFC Energy AG, a leading supplier of hydrogen and methanol fuel cells, has partnered with ConnectCom Sarl to develop a customized emergency power solution. The collaboration involves supplying stationary EFOY H₂Cabinet X series units and utilizing the H₂Genset … Read the full press release

ArcelorMittal Sets Date for Annual General Meeting and Updates on Board Committee Chair

(IN BRIEF) ArcelorMittal, a major steel company based in Luxembourg, has announced the date for its Annual General Meeting of shareholders, scheduled for April 30, 2024, at 3 p.m. CET. Shareholders eligible to vote will be determined based on their … Read the full press release

CACEIS Enhances Client Services with PRIIPs Reporting via Connect Store Partnership

(IN BRIEF) CACEIS has partnered with Regulatory Technology specialist AlphaOmega to offer a PRIIPs reporting service for clients of its Private Equity Real Estate Solutions business line. Available through the Connect Store, CACEIS’ online marketplace, the service provides clients with … Read the full press release

Sweco Leads Sustainable Südspidol Hospital Complex Project in Luxembourg

(IN BRIEF) Sweco, a leading technology consulting firm, will lead a consortium tasked with developing the new Südspidol hospital complex in Esch-sur-Alzette, Luxembourg, scheduled for full operation by 2033. Partnering with Centre Hospitalier Emile Mayrisch (CHEM), Sweco will oversee the … Read the full press release

Luxembourg’s EV Charging Infrastructure Expands with SWIO and EVBox Partnership

(IN BRIEF) SWIO, a joint venture by mobility service provider Losch and infrastructure engineering firm SOCOM, is partnering with EVBox, a leading electric vehicle (EV) charging solutions provider, to introduce high-speed EV charging stations in Luxembourg. SWIO has already installed … Read the full press release

Thales Alenia Space and Partners Collaborate on Digital Twin Earth Prototype for Flood Prediction in Luxembourg

(IN BRIEF) The Luxembourg Space Agency (LSA) has been supporting Thales Alenia Space, along with partners the Luxembourg Institute of Sciences and Technologies (LIST) and PricewaterhouseCoopers Luxembourg (PwC), in their initiative to create a Proof of Concept for a flood … Read the full press release

Mercedes-Benz and Eneco Partner to Simplify Electric Driving Transition

(IN BRIEF) Mercedes-Benz Belgium Luxembourg & Netherlands is joining forces with Eneco to establish a strategic partnership focused on charging solutions to facilitate the transition to electric driving for customers. This collaboration aims to provide both business and private customers … Read the full press release